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How much does a certificate of title bond cost in Alaska?
The Alaska lost title bond must be posted in an amount equal to exactly 1.5 times the appraised value of the vehicle. Applicants must verify their required bond amount with the state prior to bonding.
You can purchase your Alaska title bond instantly online for as little as $100 when you work with SuretyBonds.com.
Why do I need a certificate of title bond in Alaska?
The Alaska Division of Motor Vehicles requires anyone without adequate proof of ownership of their motor vehicle to post a surety bond to obtain a title. Inadequate proof of ownership may mean, among other things, that:
- you have purchased a vehicle and never received the title
- your title is lost or missing
- there is a problem with the title’s assignment
By posting a certificate of title bond in Alaska, the vehicle owner states that:
- they are the true owner of the vehicle
- there is no defect in, or undisclosed security interest on, the title of the vehicle
- any former owner, second party, or subsequent purchaser of the vehicle will be protected from financial loss caused by the issuance of the certificate of title
Submit a bond request to get bonded for as low as $100!
Are you planning to sell cars or other vehicles? Visit our Alaska vehicle dealer bond page for more information regarding why you need this bond and how much it costs.
How to obtain a bonded title in Alaska
You might need a certificate of title bond if your title is missing/lost or if there is a problem with the title’s assignment. However, purchasing a surety bond is just one step toward obtaining a bonded title in Alaska.
- Secure an appraisal of the current market value of the vehicle.
The appraisal must be obtained through a licensed dealer, an insurance appraiser, or a bank. Check with your local DMV for other options if these are not available in your area.
The appraised retail value (not the wholesale or trade-in value of the vehicle) must be submitted on company letterhead and signed by the person performing the appraisal. The vehicle must have also been physically inspected within the past 90 days.
Appraisals may not be carried out by a company the applicant is affiliated with.
The appraisal must contain the plate number, VIN, year, make, model, and body style of the vehicle, as well as the name and address of the applicant and appraiser. It should also contain a description of the interior and exterior of the vehicle, including damage, missing or damaged components, etc.
- Obtain a three-year non-cancelable surety bond for 1.5 times the appraised value of the vehicle using the designated bond form.
- Complete the Affidavit of Ownership. The form must be notarized.
- Complete and sign an Application for Title and Registration (Form 812)
- Obtain a Certificate of Vehicle Inspection (Form 811).
Once these steps have been completed, the documentation must be submitted to your nearest motor vehicle office. If approved, you will receive an Alaska bonded title, which will be marked as such for three years.
Considerations for Alaska title bonds
Certificate of title bonds in Alaska remain valid for three years from the date of issuance unless extended under the provisions of AS 28.10.216 (c).